(1) In this section 'farming' includes the occupation of woodlands on a commercial basis.
(2) No stamp duty shall be chargeable under or by reference to the heading 'LEASE' in Schedule 1 on any instrument to which this section applies.
(3) This section applies to an instrument which is a lease for a term not less than 6 years and not exceeding 35 years of any lands which are used exclusively for farming carried on by the lessee on a commercial basis and with a view to the realisation of profits.
(4) For the purposes of this section the lessee shall, from the date on which the lease is executed, be a farmer who -
(a) is the holder of or, within a period of 4 years from the date of the lease, will be the holder of, a qualification set out in Schedule 2 or 2A to the Act or a trained farmer qualification (within the meaning given by section 654A of the Taxes Consolidation Act 1997), or
(b) spends not less than 50 per cent of that individual's normal working time farming land (including the
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